Pay Now
Client Login

As inflation continues to impact the economy, many employers are trying to help employees with their finances by developing inflation-resistant benefit packages.

Student Loan Repayments

Offering student loan repayment programs helps employees pay down debt and improve their financial security. This benefit is especially appealing to younger workers whose salaries may not keep up with inflation.

Tax-Advantaged Accounts for Healthcare Expenses

Providing tax-advantaged healthcare accounts such as HSAs, FSAs, and HRAs can help employees cover medical costs and protect them from inflation pressures. These accounts allow employees to set aside pre-tax dollars for qualified medical expenses and help reduce out-of-pocket costs.

Direct Relationships with Healthcare Providers

Going through insurance companies often means paying more than necessary for healthcare services. By establishing direct relationships with healthcare providers, self-insured employers can help employees reduce medical expenses and limit their exposure to inflationary pressures.

Matching Contributions

Matching employee contributions for retirement, healthcare, student loan repayment, and other benefits obviously helps employees, but these employer contributions are also deductible as long as they are within the applicable limits.

The Section 125 Plan

The Section 125 plan allows employees to convert taxable benefits into tax-free benefits. By implementing a Section 125 program employers help employees pay for various expenses, including healthcare premiums, childcare costs, and retirement contributions with pre-tax deductions.

For more Employee Benefits information, contact INSURICA today.

Copyright © 2023 Smarts Publishing

About the Author


Share This Story

Stay Updated

Subscribe to the INSURICA blog and receive the latest news direct to your inbox.

Subscribe to the blog

Related Blogs

Responsible Chemical Storage, MSDS and Spill Preparedness

May 30th, 2023|Blog, Environmental, Safety Tips|

At INSURICA, we recognize the significant concern that managing chemical-related risks poses for environmental businesses. To ensure a safer work environment, it is crucial to prioritize proper chemical storage, understanding Material Safety Data Sheets (MSDS), and being prepared for potential spills. These elements are essential facets of effective risk management.

Creating a Cybersecurity Culture

May 24th, 2023|Blog, Commercial Insurance, Construction|

Employees are an organization’s first line of defense against cybercriminals. For this reason, they are also commonly targeted. In fact, the vast majority (88%) of data breaches are caused by employee mistakes, according to Stanford University. Unfortunately for organizations, a single mistake can result in costly losses, reputational damage and lost or stolen data.

Healthcare Industry Trends to Watch

May 23rd, 2023|Blog, Commercial Insurance, Healthcare|

The healthcare industry plays a vital role in the U.S. economy, providing medical services and coordinating care for patients. It is an industry that constantly evolves, facing challenges and trends that require attention and adaptation. In this article, we will explore some of the key trends in the healthcare industry and their potential implications.

Go to Top